The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-05-25
New York Stock Market Alternately Heavy
and Firm Throughout the Day.
The Principal Feature Being the Upward
Spirit in St. Paul and Duluth,
Willie The Close Was Active and Heavy at
the Lowest Figures Of the Day.
Local Marksts-wheat Quiet and Dull
Corn In Fair Demand-Oats and
Rye Ouiet-Hay Firm.

NEW YORK. May 23.-Money on call loans at
ON 21z@s per cent, last loan at Sal cent. !;
closing offered at 81 per cent.
Prime Mercantile Paper-5@5% per cent.
Sterling Exchange-Dun but steady at 81,
s55<a4 Sc for co days bills and 81 s71l for de-
mand.
The total sales of stocks to-day were 27o,9l3
shares, including the following: Delaware,
Lackawanna and Western, 0OOO; Erie, 25,900;
Fort Worth and Denver, 1880; Kansas and
Texas, $500; Lake Shore, $3.50; Louisville and
Nashville, 5000; Missouri Pacific, $3.50; North
western, TO- $50; Oregon Trans-continental, 9 $50;
Pacific Mail, 14,6s0; Reading 7,2i0 st. Paul, 21,-
$40; St. Paul and Omaha, 34O0; Texas Pacific,
1920; Union Pacific, 400; Western Union,
16,947.
The new week In the Stock Exchange opened
with quiet and generally firm market, which
later developed weakness throughout tie list,
leaving prices at the close considerably below
Saturdays closing. The trading was almost
entirely professional, with little or no margin
or arbitrage business and with somewhat high
er rates for money. The important stocks were
comparatively neglected throughout the day
and a few specialties monopolized the bulk Of
the interest. The feature of the market was an
upward squirt OF over s per cent. in st. Paul
and Duluth common, part OF which
only was afterward lost. The story
was that under the terms Of its issue the
preferred stock of the company must now be
redeemed from the proceeds OF land sales, in
which case the common stock would fail heir
to the surplus. The oregon stocks showed some
strength, but the gains were afterward wiped
out. There was considerable hammering for the
purpose OF acquiring lines of stocks, and the
by vigorous attacks on New England. The en-
tire list yielded to the pressure, there being
conspicuous absence OF support while the mar
ct showed decided animation on the decline.
The fluctuations OF the leading stocks were gen
orally fractions only.
The market opened frm with advances over
Saturdays 1al figures extending to % per
cent, while Northwestern was "a per cent.
lower. The trading was moderate IN volume,
and the general list was alternately heavy and
firm, with general tendency toward the latter.
A few stocks, among which St. Paul and Duluth
and Oregon Improvement were conspicuous,
made marked advances while Fort Worth and
Denver was specially weak. Beyond the further
advance in ST. Paul and Duluth the forenoon's
business presented no other features. In tAe
afternoon, however, the entire market became
heavy to weak upon an increased business, and
New England was the principal sufferer. Lats
in the day st. Paul and Duluth lost part part of
its large advance, and the market closed mod
erately active and heavy at or near the lowest
price of the day.
The entire active list is lower this evening
and Fort Worth and Denver is down IL; Nor
ok ana Western preferred and New England
TX; Canada Southern IA; Marshall Coal and Pa
cifc Mail IL: St. Paul and others fractional
amounts. St. Paul and Duluth, however, is
upIs
There was a moderate business in railroad
bonds. Sales 81, 635, coo. Beyond the Atlantic
and Pacific incomes, in which the business was
s65,OO0 there was very little feature, though
Denver and Rio Grsnde fodrs were moderately
active with sales of $4,000. There are few i'm
portant changes indianapolis, Bloomington
and Western frsts preferred sevens rose 2to 122;
Texas Pacific consols to 1O3.
Government bonds were dull but firm to
strong.
State bonds were dull and and steady.